Financial Markets
Top stories summarized by our editors
6/18/2018

Dissatisfaction can serve as a gateway to career and life changes, says John Baldoni in this blog post and video. Don't fight the feeling, he says, but try to use it as a motivator for taking action in service of long-term goals.

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SmartBrief/Leadership
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John Baldoni
6/18/2018

The European Union is becoming a key regulator in financial markets around the world as international companies have found it simpler and more affordable to apply blanket global policies, suggests Anu Bradford, a professor at Columbia University's law school. "The EU has become more self-conscious of its ability to set international standards and is embracing that opportunity," Bradford says.

6/18/2018

Japan's exports posted an 8.1% year-on-year gain in May, topping the 7.4% increase economists expected. The rise was driven largely by sales of cars to the US and Europe and chip-manufacturing equipment to Asia.

6/18/2018

The China Securities Regulatory Authority is expected to authorise smartphone maker Xiaomi this week to list its China depositary receipts on the Shanghai Stock Exchange. Xiaomi hopes to raise $5 billion in the offering.

6/18/2018

A Bank for International Settlements report warns that bitcoin and other cryptocurrencies are unlikely to ever become mainstream currencies because they are vulnerable to fraud and manipulation, are unstable, and require huge amounts of electricity. If blockchain software processed the digital retail transactions now handled by national payments systems, the communication required "could bring the Internet to a halt," the BIS said.

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BIS
6/18/2018

Morgan Stanley analysts say international investors may consider a bullish approach on London-listed equities that will likely profit from high commodity prices, more mergers and acquisitions, and increased buybacks. The Financial Times Stock Exchange 100 Index may see a 10% upside throughout the next year, analysts say.

6/18/2018

A new financial product, freight futures, is drawing a lot of attention from investors and some experts are blaming speculation on the contracts for the increasing volatility of freight rates. From January to May, the volume of trading in freight futures on the Singapore Exchange was almost 50% higher than for the comparable period last year.

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Singapore Exchange
6/18/2018

Google said it will strengthen its presence in Asia by investing $550 million in the Chinese e-commerce company JD.com. The two companies said they are forming a partnership that will include the placement of JD.com products on Google's online retail platform.

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Reuters
6/18/2018

"The jury is still out" on whether Europe's revised Markets in Financial Instruments Directive works, says Autorite des Marches Financiers' Robert Ophele, who's concerned about increased usage of "systematic internalisers".

6/18/2018

President Donald Trump said the US will impose a 25% tariff on $34 billion worth of Chinese products, with further tariffs on imports totaling $16 billion under review, and China promptly retaliated, designating $50 billion of US goods for matching tariffs. A White House spokesman said US companies will be allowed to seek exclusions if they are unable to find new sources for items they normally buy from China.